2012-10-02
2012-10-10
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, this is why. >> you know the phrase you always use, obama and biden want to raise taxes by a trillion dollars, guess what? yes, we do in one regard. we want to let that trillion dollar tax cut expire so the middle class doesn't have to bear the burden of all of that money going to the super wealthy. >> so, are promises of massive tax hikes, taxing the jobs market? hi, everyone, i'm brenda buttner, this is bulls and bears, here they are, bulls and bears this week, gary b smith, tobin smith, jonas max ferris, along with julian epstein and larry, talk about future tax hikes, holding back a jobs recovery? >> that's right, that's right, brenda. well, you know, certainly for consumers that are work being that have 401(k) plans they may be feeling more confident these days, but their employers don't share the optimism. they're worried what's ahead and what's ahead are future tax increases, for small business owners still, these are people that own delis and dry cleaners and pave your driveways, not fat cats and million fairs and billionaires, they're average work people and concerned about the envir

, they are being crushed. >> that is when joe biden says. >> how they can justify raising taxes on the middle class who has been bearish for the last four years. >> to joe biden. [applause] don't boo, he has the best thing we have got going, guys. >> it was the biggest drop since -- i read that in a column friday morning. on the cover 25 1415 the english king henry the fifth led his army to victory. french king charles the sixth was mentally incapacitated at the time of battle. that is about as far as i wanted that one. charles? >> you were there, as i recall, you covered it for "the daily frog." it was felt he could of been moe aggressive. >> quite a route. i must say, when i wrote the column, i tried to keep on quoting -- keep from gloating. >> you did not. >> the whington punditry says that mitt romney won the debate hands down and that the president was aware of his game. here is a sample. >> you have been president four years, you said you would cut the deficit in half. we still have trillion dollar deficits. >> five weeks before the election, he says his big idea is, never mind. >> if there i

: we need our competitiveness back, we need better regulation, better tax policy, better way to grow the hell out america. >> thank you very much. which will win out? today's jobs numbers that could be a positive for the president? or wednesday's debate where governor romney appeared to gain the upper hand? real clear politics keeping track of it all. tom, thank you very much. we have two conflicting numbers, the post debate romney surge and this morning the jobless number that looks like president obama is going to use on the campaign trail. which is more important to the membership? >>guest: that is a great question. the debate was important for the romney campaign. we have had bad job numbers now for months upon months leading up to this and they never affect the members. you can make the argument that despite the fact that rebound got a good jobs number, a good unemployment rate ticked down in the unemployment rate that may or may not impact the numbers. >> post debate there is indication, we have scott rasmussen coming up later talking about the polls, post debate happens now, i

, earning more money and paying taxes and that's by far the most effective and efficient way to get this budget balanced. >> paul: welcome to the journal editorial report. i'm paul gigot. a big night in denver on wednesday, as president barack obama, and mitt romney met for the first presidential debate and the candidates sparred as you heard over taxes and the deficit as well as health care. wall street reform and the role of government. with mitt romney taking some sharp shots at the president's record these past four years. >> we're seeing right now is, in my view, a trickle down government approach which has government thinking it can do a better job than free people pursuing their dreams and that's not working the. proof of that is 23 million people out of work and the proof one out of six people in poverty, the proof 32 million on food stamps to 47 million on food stamps the proof of that 50% of college graduates this year can't find work. >> paul: there's little doubt romney's commander performance helped the g.o.p. ticket. the question is, how much? let's ask wall street jou

around the country for the last year promising $5 trillion in tax cuts that favor the wealthy. yet, the fellow on the stage last night, who looked like mitt romney, said he did not know anything about that. but i just want to make sure i got this straight. he'll get rid of regulations on wall street, but he's going to crack down on "sesame street." thank goodness somebody's finally cracking down on big bird. who knew he was responsible for all these deficits. >> mitt romney picked up the endorsement of the national rifle association earlier in the day yesterday. had some swagger as he walked on stage last night in fisherville, virginia. >> now, last night was an important night for the country because people got the -- [ cheers and applause ] they got the chance to cut through all the attacks and counterattacks and all of the theatrics associated with the campaign. instead, they were able to listen to substance. i appreciate the fact that jim lehrer asked questions of substance and we each responded to them. i got the chance to ask the president questions people across the country

that says, if we cut taxes, skew toward the wealthy, and roll back regulations we will be better off. i have a different view. i think we have to invest in education and training. i think it is important for us to develop new sources of energy here in america, that we change our tax code to make sure we are helping small businesses and companies here in the united states. that we take some of the money we are saving as we wind down two wars to rebuild america, and that we reduce our deficit in a way that makes us ablet -- that makes it able for us to create critical investments. it is up to you. are we going to go from the top down, which is what got us into this mess, or do we embrace the new economic patriotism that says america does best when the middle class does best? i'm looking forward to having that debate. >> governor romney. >> thank you, jim. i appreciate the chance to be with the president. appreciate the university of denver and their welcome. congratulations to you, mr. president, on your anniversary. i am sure this is the most dramatic place you could imagine, here with me. so

% of america. >> a new mitt romney took the stage last night. >> first of all i don't have a $5 trillion tax cut. i don't have a tax cut. >> really? is that so? >> across the board for all american. >> 20% across the board. >> by 20%. >> i don't have a $5 trillion tax cut i don't have a tax cut. >> if you want to be president you owe the american people the truth. >> i will repeal obamacare. >> the best course for health care is to do what we did in my state. >> he is saying he would not cut education. >> he says we need more firemen and more policemen. >> did he not get the message or wisconsin? >> who is the real mitt romney? >> every day he is in a different position. >> i'm going to stop the subsidy for pbs. >> he is going to crack down on seseme street. >> i love big bird. >> elmo has to watch out. >> i think i get the last word. >> with 33 days until the presidential election moments ago on fox news mitt romney said he was completely wrong when he said that 47% of americans are hopele lless losers. he was asked what he should have said. >> what would you have said if he did bring it up

team coverage tonight. jim angle has a fact check on last night's most heated issue, tax policy. ed henry has the obama campaign reaction. and we begin with carl cameron on the first debate. good evening, carl. >> hi, brett. the romney campaign could hardly be more excited about what happened last night. in fact, since the debate ended, they say they've been getting two donations per second as a measure of mitt romney's success the morning after is general election debate debut against the president, mitt romney made a surprise appearance to a thrilled and leaved audience of conservatives. >> last night i thought was a great opportunity for the american people to see two very different visions for the country. >> he reiterated a new attack. >> trickle down government that the president proposes is one where he will raise taxes on small business, which will kill jobs. i instead want to keep taxes down on small business so we can create jobs. >> romney awoke to rave reviews across the country and democrats admit he delivered. >> virtually everything you said about my tax plan is inacc

away from fundamentally every position that he had taken. you cannot cut taxes by $5 trillion, as he's doing, and simply say, oh, i don't have that tax cut. i'm not going to cut taxes for the wealthy when the average high-income earner is going to get a $250,000 tax cut. >> let me stop you right there because the romney campaign has a new ad out just on that point and say the president and his team are aligned when they call it a $5 trillion tax cut. >> president obama continues to distort mitt romney's economic plan. the latest, not telling the truth about mitt romney's tax plan. the ap says it doesn't add up. abc news, "mostly fiction." even the obama campaign admitted it it wasn't true. >> well, okay, stipulated it won't be near $5 trillion. >> so does the campaign now accept that the cuts will be less than $5 trillion? >> no, absolutely not. i mean, look, if you're going to reduce the bush tax rates by 20% in the estate tax, in the amt, change the corporate rate and a whole host of other changes, that adds up in a reduction of revenue. the question for governor romney is what loo

in denver. joe biden admits, he wants to raise your taxes by trillions. >> ooh 'bama and biden want to raise your tax by $5 trillion. guess what? yes, we do. >> sean: and the real obama is exposed as another disturbing tape emerges from his past. we have it tonight. plus, a special edition of media mash. we investigate race and politics. we are 33 days away from election day. "hannity" starts right here, right now. welcome to "hannity." the consensus is in. governor mitt romney was the decisive winner in last night's presidential debate. in just a moment, i will be joined for an exclusive interview by both governor romney and his runningmate, congressman paul ryan. even the most left-wing observers have conceded that their candzidate bombed without his teleprompter last night. obama aides are trying to pin it all on mitt romney. believe it or not, they are accusing the governor of lying. of course, they are the ones that are. watch this. >> again and again and again, he told the story to the american people that is completely... in contrast with what he said before and unfounded in fact. and

could be accurate or not. what is the person saying there should not be a millionaire tax or should be. who is the special interest dominating that message point coming out and how does the voter get through it? i think one the most amazing thicks happening in the country when you look at the president number heys doing well. what's fascinated about the amount of money being spent by the cross roads and the entity for some reason the message is not coming through it's not compel fpg you look at the swing states that we were going to be remarkably close are going to trend toward tbhawm a way that somebody thinks to seem unless the debate set the presidential election. it's clear the spt heading toward a environment he has a advantage. romney is going to be exceptional. >> tune in. >> fiewn in and watch. let watch. >> i'm excited. >> talk about in next week in class. >> would you taunt the cross road different and you engage in more localized races congressional and senate how you choose your priorities since so you have a broader scope. >> yeah. that's a good question. we're focused on

's start with taxes. governor, the president keeps saying that mitt romney is proposing a $5 trillion tax cut. that is not true. >> chris, wait a minute here. the governor, i mean former governor romney is proposing a 20% cut to income taxes including income taxes for the wealthiest of americans and i believe a 30% cut to corporate income taxes including for people like big oil that are socking all of us at the pump reit now. any economist may debate whether that adds up to $4.9 trillion or add up to 5 trillion dollars but the fact of the matter is in this debate we saw big bird meet the big lie. in fact, when you do those sorts of tax cuts there are costs to those tax cuts. the big etan drivegest driver r deficit -- >> chris: if i may, sir. you are talking about half of the planet it would be like talking about obama's jobs plans and saying the entire aro teachers. it is not obama's plan. similarly you are mischaracterizing the romney plan. saying you're right there is $5 trillion lowering the tax rates but he talks about cutting loopholes. but that is part of the plan. >> but he won't s

about his position and let's start with taxes. governor, the president keeps saying that mitt romney is proposing a $5 trillion tax cut. that is not true. >> well, chris, wait a minute here. the governor -- former governor romney is proposing a 20% cut to income taxes, including income taxes for the wealthiest of americans. and, i believe a 30% cut for corporate income taxes, including big all, socking all of us at the pump, right now and any economist may debate whether it adds up to $4.9 trillion or $5 trillion and the fact of the matter. >> clayton: in this debate we saw big bird meet the big lie. those tax cuts, there are costs to those tax cuts, the biggest driver to our deficit... >> chris: if i may, sir, you are talking about half the planet like talking about obama's jobs plan, the entire plan is to give more money to teachers and, that is not obama's plans and similarly you are mischaracterizing the romney plan, saying, it is -- you are right, $5 trillion by lowering the tax rate but he talks about cutting loopholes... >> oh, chris, which loopholes and which deductions? sena

a guy pretending to be mitt romney stood on a stage next to me. what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. >> we are going to win this. we're taking back the white house. >> the romney family is taking back this campaign. >> or not. >> that was kind of strange. trying to stick words in people's mouths. >> stay in your seats. there's just four weeks until election day. >> the top rate, for instance, would go from 35% to 28%. >> don't pay any attention to that tax cut behind the curtain. >> i'm not sure exactly precisely with what i said but i stand behind it, whatever it was. >> we begin exactly 28 days until the election with both the president and his challenger declaring they will win a race that is anything but settled. today their paths will cross again in ohio, the state that may yet decide this election. amid new signs of urgency from both campaigns. case in point, this afternoon's gallup poll showing the president leading mitt romney 49% to 46% among registered voters. among likely voters it's romney up by two leading the president 49% to 47%. f

-- >> govern romney's proposal calls for a $5 trillion tax cut. >> andthe man after his ob >> i'm not looking for a $5 trillion tax cut. what i said is i won't put in place a tax cut that adds to the deficit. >> their first debate, contentio contentious. >> for 18 months he's been running on this tax plan. and now, five weeks before the election, he's saying that his big bold idea is never mind. >> virtually everything he said about my tax plan sin accurate. look, i have five boys. i'm use the to people saying something that is notays ultimately hoping i'll believe it. >> the question this morning, did either candidate do enough to make believers out of america's undecided voters? >>> it is the day after. good morning and welcome to "early start," everybody. >>> it's 5:00 a.m. in the east. first, round one. it is now in the books. mitt romney has something to celebrate. in a cnn poll, 67% said romney won the first presidential debate. 25% think president obama was the victor. >> there were no real knockout punches thrown last night, more like a series of glancing blows with romney the aggress

was going to cut taxes for wealthy people? >> he's the etch-a-sketch guy. we have to wonder which mitt is going to show up. if you just lay out lie after lie after lie about your own plan, as well as what the president has been talking about, of course you can look good. >> we expect an aggressive debater to show up last night on the debate stage with barack obama. we didn't expect an aggressively dishonest debater to show up. >> sean: perfect strategy, liar, liar, liar, pants on fire, fire, fire. funny, i didn't hear anybody mention anything about the president's record or accomplishments, perhaps because there aren't any. instead he's given us 46 million americans on food stamps. you didn't fix that, mr. president. 17 million more than when you took office. 23 million americans un and underemployed. $6 trillion in new obama debt and have four years to fix the worst economy since the great depression, and it's no longer george w. bush's fault. after looking at the latest polls it appears the truth is beginning to catch up with barack obama. hear with reaction, the author of the "new y

. the centerpiece of governor romney's economic plan is a new $5 trillion tax cuts that favors the wealthiest americans, but most of the economists who have crunched the numbers said that paying for governor romney's tax plan -- one or the other. pick your poison. last week when we were on stage together. governor romney just pretended it didn't exist. what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. pay no attention for that tax cut under the carpet behind the curtain. >>> romney's pretending his tax cut plan doesn't exist, but the president won't let him get away with it. he also won't let him get away with hitting the middle class to protect his own tax rate. >> governor romney said it's fair he pays a lower tax rate than a teacher or autoworker who makes $50,000. he is wrong. i refuse to ask middle-class families to give up their deductions for owning a home or raising their kids just to pay for another millionaire's tax cut. i refuse to pay for that tax cuss by asking you students to pay more for college or kicking kits out of headstart or

don't know. i never have enough money to do it. the middle class needs relief, tax relief. they needed now. >> the governor, if you like to respond to what he said about senator mccain's remarks. >> we can speak an agreement that, don wright, we need tax relief for americans so that -- darn right, we need tax relief for americans so that we can have jobs in america. barack had 94 opportunities to side on the people's side and reduce taxes and 94 times he voted to increase taxes or not support a tax reduction. 94 times. that is not what we need to create jobs and really bolster and heat up our economy. we do need the private sector to be able to keep more what we're in and produce. government will have to learn to be more efficient and live with less if that is what it takes to rein in the government growth that we have seen today. but we do need tax relief and barack obama even supported increasing taxes as late as last year for those families making only 40 two thousand dollars a year. that is a lot of middle-income average american families to increase taxes on them. i think that is

years ago. that a bigger government, spending more, taxing more, regulating more. if you will, trickle-down government, would work. a >> reporter: president obama sounded a familiar alarm, warning of romney's "been there, done that" economics. >> the approach that governor romney is talking about is the same sales pitch that was made in 2001 and 2003. and we ended up with the slowest job growth in 50 years. >> reporter: but whether it was health care, jobs, or medicare, it was romney who stood out for his aggressive style. >> i just don't know how the president could have come into office, facing 23 million people out of work, rising unemployment, an economic crisis at the kitchen table, and spend his energy and passion for two years fighting for obama care. >> reporter: the president made his points in a slower, more laid-back manner, often looking down, sometimes appearing disengaged. it's not that he didn't try to rip apart romney's economic plan. >> that kind of top-down economics, where folks at the top are doing well, so the average person making 3 million bucks is getting a $250

said he's going to cut taxes for wealthy people? >> we recall he's an etch a sketch guy that trance formed himselfs. and we have to wond yir which mitt is going show up f you layout what the president has been talking about of course, you can look good we've expected an aggressive debateor, we didn't expect a dishonest debateor to show up perfect strategy. liar, liar, pants on fire, fire. and 46 million americans on food stamps, 17 million more than when you took office. and there is $6 trillion in new obama debt. and this is no longer george w. bush's fault. here with reaction is paul mugg bestseller, pat gadel. do you know who just lied? author of the study at princeton. >> right. >> and there is -- points out obama took his interpretation of the plan out of context which is -- . >> he lied about what the conclusion was. >> there is i think americans understand telling the truth cut rates across the board by 20% and eliminate deductions and exemptions. and that is where he can keep the rates the same. and i mean, i think the business is how the west reacted to the one issue that i

a chance to explain what would happen to your taxes they were in charge. >> the question is not where we have been but where we are going. >> it's going to take a different path, not one x have been on, not the one the president described as a top down cut taxes for the rich. that not what i'm going to do. >> it's not possible to come up with enough loopholes for individuals to avoid raising the deficit or burdening the middle class. >> there will be no tax cut that adds to the deficit. >> i will take ideas from anybody, democrat or republican as long as they are advancing the cause of making middle class families stronger and giving opportunities to middle class. >> i have got five boys. i'm used to people saying something that not always true but repeating it hoping i will believe it. i will not reduce the taxes paid by high income americans. >> we do better when the middle class is doing well. by giving them those tax cuts they have more money in their pocket so maybe they can buy a new car. >> under the president's tax policies middle americans have been buried. they have been crushe

. >> if those two different questions -- >> i'm going to call him a liar now. no. talking about the tax plans at the rallies. he was saying the same things on wednesday night and the other piece about how -- >> let me stop you there. i want to read to you if i can about a fact check about the tax. not cutting taxes for the wealthy. in the primary, cut taxes for everyone including the top 1%. suspect that a change? >> no, it's not. he's been saying the entire time that while he would be in favor of an across the board tax cut of 25% for every taxpayer, those making over a certain amount of money he would close tax loopholes so their overall taxes that they pay and the overall tax plan would be tax neutral. i mean, it would be revenue neutral. the other piece is you mentioned this other story -- >> the story is specifics, hasn't it? >> i'll keep going back to this to seep the record straight. you all talking about this story that mitt romney had been saying and reported in other places that this is a new softer side of mitt romney. he's been telling that story for months. and so, i mean, this i

think he was dishonest, absolutely. when he said he never proposed deadline 5 trillion in tax cutes, that was dishonest. he said on the broadcast to 70 million americans, "i will repeal obamacare but i will still be able to cover people with preexisting conditions," and 10 minutes after the debate he sent someone into the press room to say, well, you know, he didn't really mean that. he today i want more teachers. i love teachers. it was just a few weeks ago when he stood on a platform and chastised the president for saying we need more teachers. he said, "we don't need more teachers. we don't need more government." yes, i'm saying he was dishonest. >> schieffer: would you go so far as to say lied. >> i'm saying he was dishonest with his intrpz you can characterize that any way you want. >> schieffer: why didn't the president bring up the famous 47% videotape? >> the president, obviously, didn't see the appropriate opportunity. i mean, i think the president was earnestly trying to answer the questions that was asked on the topics that were being discussed and he didn't fiend the opp

and biden want to raise taxes by $8 trillion. guess what? yes, we do. >> sean: yes, you do. finally, a politician is telling you the truth. lich, folks. that's the vice-president. if re-elected over a trillion doctors in new taxes. you want to vote for that option? we'll check in with charles krauthammer on this busy friday edition of "hannity." mike rowe here at a ford dealer with a little q&a for fiona. tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee... affording peace of mind to anyone who might be in the market for a new set of res? your ford dealer. i'm beginning to sense a pattern. buy four select tires, get a $60 rebate. use the ford service credit credit card, get $60 more. that's up to $120. where did you get that sweater vest? your ford dealer. i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor pre

of the campaign is the lie that mitt romney will raise taxes on the middle class. mitt romney has no chance of raising taxes on the middle class. his republican base would kill him. the concept of raising taxes on the middle class will never happen. >> if not, something has to give. then he can't deliver tax cuts. >> you can come up with a tax reform plan. increased revenue that takes down the rates, makes it fairer everybody. it's difficult, but you can do it. >> you can't take the rates down 20% though on top of the bush tax cuts. >> romney said, i have reform principles. they are going to help grow the economy and create jobs but the idea he can raise taxes is fanciful. he'll never do it. >> if you are going to cut taxes for the wealthy as much as mitt romney wants to there is no way or he would have put forth the pro growth plan. he's ring on magic like harry potter will be his treasury secretary. >> he's not going to be able to cut taxes for rich people. he doesn't want to. the idea of pro growth taxes -- >> didn't he say 20% across the board? >> he did, but he also said if you take up

woodward. and then... >> obama and biden want to raise taxes by $8 trillion. guess what? yes, we do. >> sean: yes, you do. finally, a politician is telling you the truth. lich, folks. that's the vice-president. if re-elected over a trillion doctors in new taxes. you want to vote for that option? we'll check in with charles krauthammer on this busy friday edition of "hannity." so anyway, i've been to a lot of places. you know, i've helped a lot of people save a lot of money. but today...( sfx: loud noise of large metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) what a strange place. geico®. fifteen minutes could save you fifteen percent or more on car insurance. is i can follow all my sports... catch the latest breaking news... keep in touch with friends... follow the financial headlines... find a great restaurant... and with siriusxm i can get weather forecasts... all from here. in my mercedes-benz. [ male announcer ] introducing mbrace2. the most comprehensive cloud-bas telem

promising $5 trillion in tax cuts that favor the wealthy. the fellow on stage last night said he didn't know anything about that. the real mitt romney said we don't need anymore teachers in our classrooms. don't boo, vote. [ cheers and applause ] but the fellow on stage last night, he loves teachers. can't get enough of them. the mitt romney we all know invested in companies that were called pioneers of outsourcing jobs to other countries. but the guy on stage last night, he said that he doesn't even know that there's such laws that encourage outsourcing. never heard of them. never heard of them. never heard of tax breaks for companies that ship jobs overseas. he said that if it's true, he must need a new accountant. now, we know for sure it was not the real mitt romney because he seems to be doing just fine with his current account. so you see, the man on stage last night, he does not want to be held accountable for the real mitt romney's decisions and what he's been saying for the last year. and that's because he knows full well that we don't want what he's been selling for the last year.

by cutting taxes and getting rid of deductions? would you tell the american people exactly or even generally what you're actually going to do? >> well, i'm with you, chris. i think plat tuds and zingers don't work in a format like this. he has to have a good debate. he has to pass president obama in the polls if he's to be elected president, obviously. tonight, at a moment of peril for the country, where we have challenges abroad, severe challenges domestically, how do we restore our balance sheet in this country, how do we deal with the challenges abroad? we live in a serious time. and improvement and understanding in the race and transaction by question. >> just out today, the race is tied and obama up by seven and the latest nbc wall street journal poll. >> a new poll from telemundo, obama is up by 50, howard, among hispanics. let's go to howard fineman. back to my big question. he's had a terrible month or two. he does not look presidential. bill clinton and the president have been able to build up the notion that the economy's better than we thought. 57% of the people think that the eco

to tackle at an issue, increasing their taxes? >> let's start with the families. they will get their attention. the voters have to understand all this, which they did not, and voters need to understand what we have to do to get all this corrected, and they do not. if we ever get that over to the voters, they will vote for the people who are geared up, ready, and know how to do it and are running on that basis, and then we can change this country forever and get us back to where we used to be when i was a boy in the depression. why schoolteachers and would have been doctors, lawyers, indian chiefs today. with luck they were making $200 a month, but they were talented, they brought out the best in all of us. they were by example really fine people, and with the highest qualities. all that got transmitted to the children at class a even if they were not getting it at home. >> when you were running you were talking about increasing not necessarily dollars per capita, but investing in education, communications, and transportation. even while trying to reduce deficits and debt, you w

to a failed economic theory, of tax cuts for the rich. the notion that let's go to war with "sesame street" but give wall street a big wet kiss, that's exactly what got us into this mess. that's what we've spent four years digging out. >> that's really not what they saw. i get the interpretation you've got a campaign to win. but what they saw was one guy who seemed to be somebody they had never seen before. he shattered the fiction of the advertising he was the guy brimming with new ideas and energy. they saw the president of the united states who was sleepwalking the whole time. >> i don't disagree -- >> the tired contrast rang a bell with people. romney's got ideas and the president, there's no vision for a second term. >> mike, i don't doubt this was somebody they never seen before. quite frankly, i think there were people in the romney campaign that had never seen this candidate. a week ago paul ryan was asked to explain the math of a $4.8 billion tax cut. he said i don't have time. mitt romney said, we don't do math. you cannot wish away the existence of your entire campaign platform

in new defense spending that the pentagon didn't ask for. $5 trillion tax cut, future of the wealthy. >> reporter: the claim is complicated by the way biden framed the argument. >> how they can justify raising taxes in the middle class has been buried the last four years. how in lord's name can they justify raising their taxes? >> obama officials today insisted that was not a gaffe, biden clarified. >> the middle class was buried by the policies of romney and ryan supported. >> republicans like rubio are off to the races. >> those happen to be the words that the distinguished vice president of the united states mr. joe biden. no, don't boo. he is the best thing we've got going, guys. >> reporter: now denver has always been big for this president. in 2008 is where he launched the hope and change in front of the great columns of the democratic convention. 2009. this is where he signed the stimulus in law. tonight, he puts it all on the line trying to make his case for a second term. bret? >> bret: ed, thank you. experts will tell you the challenger often gets a slight bump in the polls

economic theory of tax cuts for the very rich, despite the fact that he denied the existence of tax cuts or the existence of math. the notion that let's go to war on wall street -- go to war with "sesame street" but give wall street a big wet kiss. that's exactly what got us into this mess. >> that's not what they saw. i get the interpretation. you have a campaign to win. but what they saw was one guy who seemed to be someone they'd never seen before. he shattered the fiction of the advertising. he was a guy brimming with new ideas and energy. and they saw the president of the united states sleep walking. >> mike, i don't think -- >> let me finish. the tired contrast rang a bell. romney has ideas, and the president has no vision for his second term. and i think that's what hurt him. >> mike, i don't doubt this was someone they had never seen before. i think there were people in the romney campaign who had never seen this candidate. a week ago paul ryan was asked to explain the math of a $4.8 trillion tax cut. and he said i don't have time. mitt romney said we just don't do math. like mat

failure economically hurts everybody. the degree to which he is piling up debt, which is absorbing tax money that could have gone to school, health care, now it will pay interest on the debt, that hurts everybody. in many way, it is almost sad to look at the speech and realize the degree to which he has failed to achieve any of the goals he implied were his goals in 2007. >> greta: he did say he was going to get health care. that, he did do, whether you like it or not. but one thing, you speak about the debt, what he said -- and he was rather sarcastic about politicians in this speech. what he said, in part, don't worry about trillions of dollars in debt, someone else will pay. he was being sarcastic about politician who is have no concern about the debt. now, you fast-forward to now, in the last 3 years, $1.3 trillion and nobody -- he is want working on t. capital hill is not working on t. we are return running up the debt. we have no idea with sequesterations and the tax cuts. this is what he promised in 2007 as a candidate. he thought it was important then? >> i look -- i think this

biden. >> up knyou know that phrase yo always use, "obama and biden want to raise taxes by $8 trillion." guess what? yes, we do in one regard. >> how they can justify raising taxes on the middle class has been buried the last four years. >> we want to bring on a special guest reince priebus. there's biden with a trillion dollar tax cut. the wonderful thing, there's the second one also, he said the middle class has got i don't know buried. they have gotten buried in the past four years. who's responsible for that? >> yeah, right. you know, it's amazing, these guys act like they must be living in an alternative universe. they forget the fact and i think president obama had this epiphany as well on stage wednesday night, they forget the fact that guess what, guy, president obama and joe biden, you guys have been in charge for the past four years. so all of your whining and all of your complaining, you can just look right in the mirror and figure out who's to blame because they're the ones that have been in charge. so, yes, the middle class have been buried. the other piece, the first part

that the 47% of the american people who don't pay income tax just want to hang around, be dependent on the government and, you know, we just had to wean them off of that. because they didn't want to pay income tax. now, a guy with a tax account in the caymen islands is attacking other people for not wanting -- you have to give him credit, like i said. >> i love it when they put it together. when they put it together, this guy, bunch of bumz that don't want to pay the taxes and then a guy with a quarter billion dollars stuffing it offshore. bill clinton, your guy. you taught him, didn't you? >> i taught him everything he knows. no, he really has had a great moment of framing these questions. and of putting this into terms that ordinary voters can understand and relate to. framing the question -- >> i could understand him. i never thought of putting those two things together like that. the fact these bums don't want to pay tax and the richest guy in the world is avoiding tax. >> bill clinton has the best peripheral vision in the history of politics. he knows how to do it. clinton uses

tax plan without blowing up the deficit or sticking it to the middle class. that's the math . we can't afford to go down that road again. >> steve: so the day after his terrible performance even the new york times called him president xannex. they have gone in damage control mode . they were portraying romney as an extremist and now back to romney is a flip-flopper and a big fact liar . >> brian: i thought the senator was right when team obama got a earful. the strategy was to lay back and not make major mistakes. governor romney will be a true choice. he defined himself as competent and capable . he was making himself relevant and holding the job. that's what you walk away . he undid over two million worth of advertising. >> gretchen: he had a answer about the five billion, trillion argument that the president said. he said that is not my tax plan. and you can see the difference when they are on a stage together going after each another and back out on the stump. on the stump you can say whatever you want. these are people supporting each cand date. this is a moment romney respondin

this weekend. >> he for instance is going to raise taxes and his vice-president blurted out the truth. they plan on raising them trillion and it is two trillion when you put it together. that is an increase on taxes in maul business and that will mean less jobs. >>> and in the meantime obama campaign continues to hit mitt romney on the idea of being dishonest and nigh add out there saying he was not for a five trillion tax cut he was lying about that as he was when he said the president wants to raise the taxes $4000. obama disputed that that was independent but did not dispute the $4000 figure. and in the meantime president in cleveland making fun of mitt romney. listen to this. >> for all of you moms and kids out there. don't worry, somebody is getting tough on big bird. elmo, you better make a run for it. governor romney is going to let wall street run wild again but bring the hammer down on sesame street? >> and democrats are wondering where that president obama was in the debate on wednesday and people wonder if he will be tough one on one when he has the stage. >>> and the obama

from romney and obama. mainly on tax policy. >> reporter: vice president biden charged team romney would hike middle-class taxes. >> how they can justify raising taxes in the middle class that has been buried the last four years. >> reporter: republicans jumped on that, buried by obama? >> vice president biden just today said that the middle class over the last four years has been, quote, buried. we agree. that means we need to stop digging by electing mitt romney the next president of theitis. >> reporter: that's the kind of zinger sure to be heard at debate number one. i'm steve handelsman, nbc news, denver, colorado. >> and of course we'll have complete all-day coverage leading up to tonight's first 2012 presidential debate and then be sure to stay tuned for the main event, that starts at 9:00 p.m. eastern time right here on msnbc, the place for politics. >>> last night on "the ed show" president obama's senior campaign adviser, robert gibbs, describes what he hopes to hear at tonight's presidential debate. take a listen. >> i hope the moderator gives governor romney a chance to

income taxes. he was asked what he would have said if that had come up in debate. >> clearly in a campaign with hundreds if not thousands of speeches and question and answer sessions, now and then you're going to say something that doesn't come out right. in this case i said something that's just completely wrong. i absolutely believe, however, that my life has shown that i care about 100%. >> president obama campaigned in wisconsin and sharply criticized romney's statements during the debate on tax cuts, education and outsourcing as misleading to the middle class, and the president had this to say about his opponent's plan for reducing the deficit. >> i just want to make sure i got this straight. he'll get rid of regulations on wall street but he's going to crack down on sesame street. thank goodness somebody's finally cracking down on big bird. who knew that he was responsible for all these deficits. elmo's got to watch out. >> and vice president joe biden was campaigning in iowa saying that mitt romney flip-flopped on his own tax cut plan that was the centerpiece of the go

taxes. >> this whole campaign is about the 100%. >> you want to be president, you owe the american people the truth. >> the only thing that could have salvaged president obama's performance if the body of bin laden fell from the ceiling on to the stage. >> the latest fallout for seat scare for american. >> we had a very unique situation. it's completely random. >> in just hours the latest jobs report is coming out. >> 12.5 million unemployed. 8.1%. >> gas prices are going up across the country. but in california they are soaring to a panic level hovering near the $6 mark. >> i've never seen it so high. >> get a look at this, the first snow of the season making a mess across the upper midwest. >> we're excited. >> a bus driver becomes a target of an angry fare jumper. >> 50 years ago james bond made his big screen debut. >> everybody gets a day off. >> all that -- >> going deep. how about that? >> did you really need to call barack obama the president of the united states lazy? >> yes. >> all that matters. designee hasn't done this poorly since he debated clint eastwood. >> their su

assessment of the efirst of all mitt romney countering what the obama came pair is saying about his tax proposal. >> i have five boys and i am used to people saying something that is not always true ask keep - and keep on repeating it and hope i believe it >> this was brilliant. first of all by envoking the story of his sons, it brought the sense of connection of mitt romney as a father and he raised kid more like us in that regard. countering the criticisms of mitt romney. that showed a connection and his boys had told him . let's say funny business like every body does to their partner, that said yeah, it must be normal in the romney house. but then the subtle was he was saying, you know, it doesn't matter if you are my son house or president. if you keep telling me something over and over, i am not so crazy as to believe it. it was a powerful moment and yet he did it in a way that everybody smile would and not even realize what a powerful hit he had . and mitt romney responded to obama's criticism that corporate tax breaks would send jobs over access. >> you get's deduction of taking

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